Iowa State University Alumni Association

Analysis

Iowa State University Alumni Association is a registered charity in United States, based in Ames, IA. It received its IRS tax-exemption ruling in December 1975, 51 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Iowa State University Alumni Association reported income of $3.8m and spending of $4.3m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.1m to $3.8m (-8.4%), an average of -2.2% a year. The sharpest change came in the year to June 2021, when income rose by 87%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Iowa State University Alumni Association sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within IA. Charities of a similar size with the same main cause include Highland Park Mis HPMS PTO ($3.8m), Columbia Day Care Program Incorporated ($3.8m) and Adsi ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 52% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $624k (15% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $20.6m against liabilities of $4.3m, net assets of $16.3m. It reported 61 employees.